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Benzinga
Benzinga
Business
Khyathi Dalal

Bitcoin Rebounds Above $115,000: What Does Technical Analysis Say About Its Next Move?

Bitcoin Viktor CryptoQuant
Bitcoin,Souvenir,Coins.,Cryptocurrency,Golden,Bitcoin,Coin.,Conceptual,Image,For

Traders and technical analysts are divided about whether Bitcoin (CRYPTO: BTC) is starting to lose momentum or if the recent dip is just a brief period of weakness.

What Happened: Bitcoin is still holding bullish momentum, according to CryptoQuant, with Long-Term Holders (LTHs) showing strong conviction and staying deep in profit territory (NUPL > 0.5).

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